USDO, the world’s first regulated yield-bearing stablecoin fully backed by tokenized treasuries, transforms stablecoins with real-world yield, regulatory compliance, and on-chain transparency.
Bermuda, 21 February 2025 — OpenEden, renowned for its unmatched focus on customer and asset protection and its pioneering technology in Real-World Asset (RWA) tokenization, today announces the launch of OpenDollar (USDO), the world’s first regulated yield-bearing stablecoin pegged 1:1 to the US dollar that is fully collateralized by tokenized US Treasuries. USDO is issued by OpenEden Digital, a Bermuda-based affiliate of OpenEden Group, which has recently obtained a Bermuda Digital Asset Business Act (“DABA”) License to issue digital assets.
USDO represents a fundamental shift in how we view stablecoins
Jeremy Ng, Founder and CEO of OpenEden Group
“USDO represents a fundamental shift in how we view stablecoins,” said Jeremy Ng, Founder and CEO of OpenEden Group. “We’re taking the utilities of traditional fiat-backed stablecoins and enhancing them with sustainable real-world yield, on-chain transparency, and regulatory compliance, creating a product that meets the needs of today’s sophisticated users.”
USDO leverages OpenEden’s state-of-the-art tokenization infrastructure and integrates with its OpenEden TBILL Vault — a smart contract protocol operated by OpenEden’s BVI-regulated professional fund, that offers 24/7 instant on-chain access to TBILL tokens which represent a tokenized portfolio of US Treasury Bills, which also have the distinction of being the market’s first-ever Moody’s Investment-Grade Rated tokenized US Treasuries product. This integration allows USDO to be fully backed by TBILL tokens as reserves, thus offering two key advantages over traditional stablecoins: native US Treasury yield for USDO holders and real-time proof of reserves on-chain.
USDO embodies OpenEden’s mission in bridging traditional and decentralized finance. By combining a “compliance-first” approach, transparency of tokenized RWAs, and permissionless transferability for enhanced secondary liquidity, USDO is positioned as the ideal regulated stablecoin for DeFi applications and for institutional users seeking a compliant, yield-bearing alternative to traditional stablecoins.
USDO is prudentially regulated by the Bermuda Monetary Authority (BMA) and is issued through a Segregated Account Company (SAC), a bankruptcy-remote vehicle to ensure maximum protection for token holders.
For additional details about the USDO launch and OpenEden’s broader mission, visit https://openeden.com.
About OpenEden
OpenEden operates a leading real-world asset (RWA) tokenization platform, renowned for its unmatched focus on regulatory standards and advanced financial technology. Founded in 2022, OpenEden bridges traditional and decentralized finance by providing, through its regulated entities in Bermuda and the BVI, secure, transparent, and compliant on-chain access to tokenized RWA. OpenEden is tokenizing global finance with a core focus on compliance and innovation. To learn more, visit www.openeden.com.
NOTE: The content is not for publication or distribution, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the US and the District of Columbia), nor in such jurisdictions where such announcement would require registration and/or approval with any relevant governmental or regulatory authorities (“restricted jurisdictions”). The content is not an offer of financial products or digital assets for sale in the US or such other restricted jurisdictions. The digital assets referred to herein have not been and will not be registered with any regulatory authority or framework, including under the US Securities Act of 1933, as amended and may not be offered or sold in the US or such other restricted jurisdictions, except pursuant to an applicable exemption from registration. No public offering of the digital assets is being made in the US or restricted jurisdictions. For full details on the applicable T&Cs, please refer to https://docs.openeden.com/
